"What we would like to do is change the world— make it a little simpler for people to feed, clothe and shelter themselves as God intended them to do. And to a certain extent, by fighting for better conditions, by crying out unceasingly for the rights of the workers, of the poor, of the destitute— the rights of the worthy and the unworthy poor in other words, we can to a certain extent change the world; we can work for the oasis, the little cell of joy and peace in a harried world. We can throw our pebble in the pond and be confident that its ever widening circle will reach around the world."
Dorothy Day, The Catholic Worker, June 1946
“By means of gradual, treacherous, systematic abuse, the system has put every man into a spiritual prison. Everywhere and always demonic powers lurk in the dark, waiting for the moment when man is weak; when of his own volition he leaves his place in Creation, as founded for him by God in freedom; when he yields to the force of evil, he separates himself from the powers of a higher order; and after voluntarily taking the first step, he is driven on to the next and the next at a furiously accelerating rate."
Sophie Scholl, The White Rose, Munich 1942
"Caesar was swimming in blood, Rome and the whole pagan world was mad. But those who had had enough of transgression and madness, those who were trampled upon, those whose lives were misery and oppression, all the weighed down, all the sad, all the unfortunate, came to hear the wonderful tidings of God, who out of love for men had given Himself to be crucified and redeem their sins. When they found a God whom they could love, they had found that which the society of the time could not give any one— happiness and love."
Henryk Sienkiewicz, Quo Vadis, 1905
“We are slow to master the great truth that even now Christ is, as it were, walking among us, and by His hand, or eye, or voice, bidding us to follow Him. We do not understand that His call is a thing that takes place now. We think it took place in the Apostles' days, but we do not believe in it; we do not look for it in our own case. And yet the ever-blessed Spirit of God is there, ten times more glorious, more powerful than when He trod the earth in our flesh."
J. H. Newman
"Everyone knows that plagues have a way of recurring throughout history, yet somehow we find it hard to believe in the ones that crash down on us out of the sky. There have always been plagues and wars, yet they always take us by surprise. When war breaks out people say it's stupid and won't last long. Stupidity has a knack of getting its way, which we would see if not wrapped up in ourselves. In this our townsfolk were like everybody else— they did not believe in plagues."
Albert Camus, The Plague
Dietrich Bonhoeffer
Once again concerns were cast aside after a wobbly open, and stocks went into risk on mode and rallied higher once again.
The VIX has fallen to its recent lower bound.
Gold and silver were lower as the Dollar edged higher.
The inventory of physical gold in the Comex Hong Kong warehouses continues to diminish
Gold is flowing from West to East.
There will be an option expiration for the precious metals on the Comex next week. It is more significant for the gold contracts than for silver, but both typically go hand in hand in this scenario.
I hear in many cases the sentiment that the recent decline in stocks is of little consequence, and that even if they were to decline much further that they did so in 2008, and will likely turn out all right in the end once again.
I have included the latest in the CrashTrak calculations. As you know the indices must exceed the second high in order to take this chart formation off the table.
Have a pleasant evening.
